GQG Partners (ASX:GQG) Funds Under Management Update
Funds Under Management Growth
GQG Partners Inc. reported a substantial increase in funds under management (FUM), reaching US$153.0 billion as of 31 December 2024, up from US$120.6 billion a year earlier. This growth reflects strong net inflows of US$20.3 billion for the year, compared to US$10.2 billion in 2023.
December Performance
Despite a challenging December, which saw net outflows of US$(0.2) billion, the company’s performance over the fourth quarter remained strong with net inflows of US$2.8 billion. GQG Partners noted that its institutional channel experienced moderate redemption pressure attributed to asset allocation adjustments.
Strategic Positioning
GQG Partners attributes its sustained growth in FUM to its robust global distribution capabilities and solid long-term risk-adjusted returns, positioning the company competitively in the financial services sector. GQG Partners continues to receive the majority of net revenue from management fees, emphasising the alignment between its management team and stakeholders.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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